© Reuters. FILE PHOTO: A Toyota Brand is seen at a Toyota dealership in Zaventem, Belgium, November 25, 2022. REUTERS/Johanna Geron
TOKYO (Reuters) – Toyota Motor (NYSE:) Corp mentioned on Thursday that international gross sales hit a document for the month of February because it bounced again from extreme pandemic-induced elements shortages, including that worldwide manufacturing additionally elevated for a second straight month.
Japan’s greatest automaker mentioned in a press release, nevertheless, that shortages of elements proceed to be an issue. Through the pandemic, it fared higher than most automotive makers in managing provide chains, besides ended up reducing month-to-month manufacturing targets repeatedly final 12 months.
Final month, its international gross sales jumped 10.3% to 773,271 automobiles, pushed by a blistering 53.2% climb in home gross sales. That compares with a very weak February final 12 months when gross sales sharply declined resulting from an absence of semiconductors.
It mentioned worldwide manufacturing of Toyota-branded automobiles rose 2% to 755,839, barely forward of its aim of 750,000. The rise comes after an 8.8% bounce in January.
Home manufacturing continued to point out a robust restoration, climbing 11.2% in February after a 30.1% surge in January.
